Author: Mak Yuen Teen

If the momentum can be sustained, Malaysia can become a role model for other countries when it comes to corporate governance and how to separate government from business, which very few countries get right.

SGX, other regulators must ensure proper investigations and enforcement.

I hope that SGX and other regulators would not accept disclosures which cannot be substantiated. Unfortunately, many companies today seem to think otherwise, judging by the tardiness of their disclosures and responses to SGX queries. In my view, this has considerably damaged the trust in our disclosure-based regime.

Policymakers and practitioners need to be wary about flawed academic research being used to satisfy demands for “evidence-based” policies. Sometimes, policymakers would just have to make difficult policy decisions based on judgement after a careful assessment, not based on flawed empirical evidence.